There has never been another IPO like it and once Alibaba exercises its greenshoe, the company is set to enter the record books with the largest and one of the most successful and symbolic flotations in history. At $25.03 billion post shoe, the e-commerce giant's deal will easily sweep past the previous record holder, Agricultural Bank of China, which raised $22.1 billion through its IPO in 2010.
As expected, the offering was priced at the top of a revised price range after the New York close on Thursday, with 320.1 million ADS units issued at $68 each. The greenshoe constitutes a further 48 million units and will bring the...
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